Mahindra Group Arm To Buy Bengaluru-Based Bill Forge For Rs 1,331 Crore

New Delhi: Mahindra group's auto component arm Mahindra CIE Automotive on Monday said it will acquire Bengaluru-based Bill Forge for Rs 1,331.2 crore. The company's board, which met on Monday, approved 100 per cent acquisition of Bill Forge Pvt Ltd and authorised signing of acquisition agreement, Mahindra CIE Automotive said in a regulatory filing. "The acquisition would substantially increase revenue and profitability of the compa...